Right Alert! Issue of 1:1 Right Shares of Buddha Bhumi Nepal Hydropower Opening from Today

Buddha Bhumi Nepal Hydropower Company Limited (BNHC) is opening the issuance of its 100% rights shares from today, i.e., on 22nd Chaitra to 13th Baisakh, 2083.

The company will be issuing 100% right shares worth Rs. 40 Crores through the issue of 40 lakhs (1: 1) units of right shares to its existing shareholders. The company's paid-up capital is Rs. 40 Crores. After the adjustment of the proposed right share, i.e., 40 lakhs units, the company's paid-up capital will increase to Rs. 80 Crores.

NIC Asia Capital Limited is appointed as the issue manager.

The book closure date is 1st Falgun, 2082. Thus, investors who held shares before that day can apply for them.